Well, the idea that America is in the midst of a great recovery is pure fiction. It’s a lie. It’s a jobless recovery,” Wynn said. “Because recoveries are marked by the level of real employment. And if you count the people who have left the work force, real unemployment is 15 to 20 percent.”
Not only is unemployment much higher than the “official” rate of 5.5 percent, but Wynn said the Consumer Price Index, used to measure inflation, is also rigged in such a way that it doesn’t accurately reflect what real Americans experience on a daily basis. According to the U.S. Bureau of Labor Statistics, the U.S. had -0.1 percent inflation for the 12 months ended in March 2015. Inflation doesn’t exist.
Wynn says that’s a sham.
“If you take real inflation, and you’ve got to count energy and food and all that stuff, real inflation is much higher than they say it is,” Wynn said. “My employees’ take home pay, in spite of the increases we give them, their paychecks are 90-cent paychecks, 90 cents on the dollar. It’s very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar.”
But ,Whaaaa? It’s all better now, kind of, but we can’t feel it…
“When I came into office, our economy was in crisis,” Obama said.
The president then cited lower unemployment, private sector job growth, and deficit cuts as evidence of his administration’s success. “I can put my record against any leader around the world in terms of digging ourselves out of a terrible, almost unprecedented financial crisis,” Obama said.
When asked if the president thought the American people could feel that economic success, Obama said, “They don’t feel it.”
“The reason they don’t feel it is because incomes and wages are not going up,” he said. “